Marketwise Inc Financials
Marketwise Inc (MKTW) reported $328.1M in revenue for fiscal year 2025, down 19.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
An asset-light, high-gross-margin model is relying on overhead flexibility, not asset expansion, to stay cash-generative despite a smaller revenue base.
From FY2023 to FY2025, SG&A contraction from$125.2M to$78.3M offset much of the revenue erosion. That expense reset helps explain why free cash flow swung from-$22.3M in FY2024 to$45.6M in FY2025 even as sales kept falling; profitability is being preserved mainly through discretionary cost control rather than top-line growth.
FY2025 net income of
Cash on hand dropped to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Marketwise Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Marketwise Inc has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is down from 21.8% the prior year.
Marketwise Inc's revenue declined 19.7% year-over-year, from $408.7M to $328.1M. This contraction results in a growth score of 7/100.
Not available for Marketwise Inc, and counted as zero in the overall score.
Marketwise Inc's current ratio of 0.56 is below the typical benchmark, resulting in a score of 6/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Marketwise Inc has a free cash flow margin of 13.9%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.
Marketwise Inc scores 1.30, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Marketwise Inc passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Marketwise Inc generates $8.18 in operating cash flow ($46.0M OCF vs $5.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Marketwise Inc generated $328.1M in revenue in fiscal year 2025. This represents a decrease of 19.7% from the prior year.
Marketwise Inc's EBITDA was $64.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.4% from the prior year.
Marketwise Inc reported $5.6M in net income in fiscal year 2025. This represents a decrease of 20.4% from the prior year.
Marketwise Inc earned $2.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 35.5% from the prior year.
Cash & Balance Sheet
Marketwise Inc generated $45.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 304.5% from the prior year.
Marketwise Inc held $70.1M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Marketwise Inc's gross margin was 86.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.
Marketwise Inc's operating margin was 19.1% in fiscal year 2025, reflecting core business profitability. This is down 2.7 percentage points from the prior year.
Marketwise Inc's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Marketwise Inc invested $8.8M in research and development in fiscal year 2025. This represents a decrease of 11.0% from the prior year.
Marketwise Inc spent $3.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 68.7% from the prior year.
Marketwise Inc invested $391K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 194.0% from the prior year.
MKTW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $317.5M | $328.1M-19.7% | $408.7M-8.8% | $448.2M-12.5% | $512.4M-6.7% | $549.2M+50.8% | $364.2M+33.8% | $272.2M |
| Cost of Revenue | $43.7M | $44.3M-12.5% | $50.7M-10.8% | $56.8M-9.4% | $62.7M-73.8% | $239.3M+54.7% | $154.6M+263.3% | $42.6M |
| Gross Profit | $273.8M | $283.8M-20.7% | $358.0M-8.5% | $391.4M-13.0% | $449.7M+45.1% | $309.9M+47.9% | $209.6M-8.7% | $229.7M |
| R&D Expenses | $9.4M | $8.8M-11.0% | $9.9M+12.2% | $8.8M+0.2% | $8.8M+17.8% | $7.5M+57.0% | $4.8M+29.9% | $3.7M |
| SG&A Expenses | $88.1M | $78.3M-13.7% | $90.7M-27.5% | $125.2M+9.0% | $114.8M-88.0% | $960.2M+82.3% | $526.6M+474.4% | $91.7M |
| Operating Income | $25.7M | $62.6M-29.7% | $89.0M+71.8% | $51.8M-40.6% | $87.3M+109.0% | -$967.6M-79.6% | -$538.7M-2206.7% | $25.6M |
| Income Tax | $813K | $2.6M-21.4% | $3.3M+80.4% | $1.8M+21.0% | $1.5M-36.8% | $2.4M | $0 | $0 |
| Net Income | $2.2M | $5.6M-20.4% | $7.1M+296.1% | $1.8M-90.1% | $18.0M+101.8% | -$1.0B-88.2% | -$538.4M-2025.7% | $28.0M |
| EPS (Diluted) | — | $2.31-35.5% | $3.58+234.6% | $1.07 | $0.73 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MKTW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $218.4M-15.9% | $259.5M-34.6% | $396.6M-10.4% | $442.5M+5.0% | $421.6M+48.0% | $284.8M | N/A |
| Current Assets | $131.7M-22.0% | $168.8M-37.0% | $267.8M-4.1% | $279.2M+13.3% | $246.4M+36.4% | $180.6M | N/A |
| Cash & Equivalents | $70.1M-28.3% | $97.9M-36.9% | $155.2M-2.1% | $158.6M+14.0% | $139.1M+21.5% | $114.4M-32.9% | $170.5M |
| Accounts Receivable | $5.7M+205.0% | $1.9M-58.6% | $4.5M+12.1% | $4.0M-48.2% | $7.8M-37.0% | $12.4M+69.1% | $7.3M |
| Goodwill | $30.0M0.0% | $30.0M-3.2% | $31.0M-0.9% | $31.3M+34.4% | $23.3M+28.7% | $18.1M0.0% | $18.1M |
| Total Liabilities | $230.1M-15.4% | $272.1M-33.3% | $407.6M-12.1% | $463.7M-1.4% | $470.1M+68.0% | $279.8M | N/A |
| Current Liabilities | $234.2M-10.0% | $260.2M-30.4% | $373.9M-3.0% | $385.5M-2.5% | $395.5M | N/A | N/A |
| Long-Term Debt | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Total Equity | -$11.7M+6.8% | -$12.5M-13.1% | -$11.1M+47.7% | -$21.2M+56.3% | -$48.5M-1070.9% | $5.0M | $0 |
| Retained Earnings | -$113.7M+4.7% | -$119.3M+5.6% | -$126.3M+1.4% | -$128.1M+12.3% | -$146.1M-393.1% | -$29.6M | N/A |
Not reported in any period shown, so not listed: Inventory.
MKTW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.7M | $46.0M+307.5% | -$22.1M-135.5% | $62.4M+29.1% | $48.4M-24.0% | $63.6M+13.9% | $55.9M+3.1% | $54.2M |
| Capital Expenditures | $855K | $391K+194.0% | $133K+104.6% | $65K+85.7% | $35K-77.7% | $157K-45.9% | $290K+63.8% | $177K |
| Free Cash Flow | $45.9M | $45.6M+304.5% | -$22.3M-135.7% | $62.4M+29.0% | $48.3M-23.8% | $63.5M+14.2% | $55.6M+2.9% | $54.0M |
| Investing Cash Flow | -$2.6M | -$1.6M-130.1% | -$681K+64.1% | -$1.9M+85.7% | -$13.2M-59.3% | -$8.3M+13.9% | -$9.6M-177.8% | $12.4M |
| Financing Cash Flow | -$80.3M | -$72.1M-109.3% | -$34.5M+46.1% | -$64.0M-295.0% | -$16.2M+47.2% | -$30.7M+70.3% | -$103.4M-278.1% | -$27.3M |
| Share Buybacks | $1.9M | $3.4M-68.7% | $10.8M | $0-100.0% | $13.1M+290.8% | $3.3M | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MKTW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 86.5%-1.1pp | 87.6%+0.3pp | 87.3%-0.4pp | 87.8%+31.3pp | 56.4%-1.1pp | 57.6%-26.8pp | 84.4% |
| Operating Margin | 19.1%-2.7pp | 21.8%+10.2pp | 11.6%-5.5pp | 17.0% | -176.2% | -147.9% | 9.4% |
| Net Margin | 1.7%0.0pp | 1.7%+1.3pp | 0.4%-3.1pp | 3.5% | -184.5% | -147.8% | 10.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -10767.4% | N/A |
| Return on Assets | 2.6%-0.1pp | 2.7%+2.3pp | 0.4%-3.6pp | 4.1%+244.4pp | -240.4%-51.3pp | -189.0% | N/A |
| Current Ratio | 0.56-0.1x | 0.65-0.1x | 0.720.0x | 0.72+0.1x | 0.62 | N/A | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 55.96 | N/A |
| FCF Margin | 13.9%+19.3pp | -5.5%-19.4pp | 13.9%+4.5pp | 9.4%-2.1pp | 11.6%-3.7pp | 15.3%-4.6pp | 19.9% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$11.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.56), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Marketwise Inc Ranks
Frequently Asked Questions
What is Marketwise Inc's annual revenue?
Marketwise Inc (MKTW) reported $328.1M in total revenue for fiscal year 2025. This represents a -19.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marketwise Inc's revenue growing?
Marketwise Inc (MKTW) revenue declined by 19.7% year-over-year, from $408.7M to $328.1M in fiscal year 2025.
Is Marketwise Inc profitable?
Yes, Marketwise Inc (MKTW) reported a net income of $5.6M in fiscal year 2025, with a net profit margin of 1.7%.
What is Marketwise Inc's EBITDA?
Marketwise Inc (MKTW) had EBITDA of $64.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Marketwise Inc's gross margin?
Marketwise Inc (MKTW) had a gross margin of 86.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Marketwise Inc's operating margin?
Marketwise Inc (MKTW) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Marketwise Inc's net profit margin?
Marketwise Inc (MKTW) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Marketwise Inc's free cash flow?
Marketwise Inc (MKTW) generated $45.6M in free cash flow during fiscal year 2025. This represents a 304.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Marketwise Inc's operating cash flow?
Marketwise Inc (MKTW) generated $46.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marketwise Inc's total assets?
Marketwise Inc (MKTW) had $218.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Marketwise Inc's capital expenditures?
Marketwise Inc (MKTW) invested $391K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Marketwise Inc spend on research and development?
Marketwise Inc (MKTW) invested $8.8M in research and development during fiscal year 2025.
What is Marketwise Inc's current ratio?
Marketwise Inc (MKTW) had a current ratio of 0.56 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Marketwise Inc's return on assets (ROA)?
Marketwise Inc (MKTW) had a return on assets of 2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Marketwise Inc's debt-to-equity ratio negative or not reported?
Marketwise Inc (MKTW) has negative shareholder equity of -$11.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Marketwise Inc's Altman Z-Score?
Marketwise Inc (MKTW) has an Altman Z-Score of 1.30, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Marketwise Inc's Piotroski F-Score?
Marketwise Inc (MKTW) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marketwise Inc's earnings high quality?
Marketwise Inc (MKTW) has an earnings quality ratio of 8.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Marketwise Inc?
Marketwise Inc (MKTW) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.